CLPS Incorporation (CLPS) shares are trading at higher $4.33.
To add more color to this target, the company’s high over the last year is $8.86 and the low is $1.62. Over the last 52 weeks, CLPS is down -10.72% while the S&P 500 is up 15.12%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
CLPS booked profit margins of 0.70%, its Return on Equity (ROE) is 2.60%, and its Return on Assets is 1.60%. All told, it is clear that, CLPS needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CLPS has a short ratio of 0.07 and outstanding shares of 14.15M.
CLPS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.03. CLPS Incorporation CLPS also noted assets of $40.54 million at the end of the last quarter. Investors should also keep an eye on sector updates as CLPS has historically followed its peers on positive news.
All told, CLPS Incorporation CLPS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CLPS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
CLPS Incorporation CLPS is now commanding a market cap of 53.61M and a float of 3.86M. CLPS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CLPS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CLPS, either long or short, and we have not been compensated for this article.